Strategy’s stock price started sliding again on Tuesday, one day after breaking a nine-day losing streak.
TD Cowen has reduced the price target for Strategy, attributing the downgrade to continued weakness in Bitcoin. Despite a brief rebound that ended a nine-day losing streak, Strategy’s stock price resumed its downward trend on Tuesday. This move reflects concerns about Bitcoin’s persistent lack of strength affecting the stock’s outlook.
For more details, you can read the full article here:
https://thebitcoinstreetjournal.com/td-cowen-slashes-strategy-price-target-citing-ongoing-bitcoin-weakness/
Source: Decrypt
